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InBloom Student Data Repository to Close

In a setback for the nearly $8 billion prekindergarten through 12th-grade education technology software market, inBloom, a non-profit corporation offering to warehouse and manage student data for public school districts across the country, announced on Monday morning that it planned to shut its doors.

Financed with $100 million in seed money from the Bill and Melinda Gates Foundation along with the Carnegie Corporation of New York, the venture promised to streamline how teachers and administrators accessed student records. The system was meant to extract student data from disparate school grading and attendance databases, store it in the cloud and funnel it to dashboards where teachers might more effectively track the progress of individual students.